The lawsuit filed by AIG (AIG -0.69%) against Bank of America (BAC -1.23%) has been off-course for some time while the parties fight over whether the insurer retained the rights to sue B of A. On the line is a $10 billion suit in which AIG could recover some of the losses it incurred from bad mortgage bonds issued by Countrywide and Merrill Lynch. In this video, Motley Fool contributor Jessica Alling discusses the new development and what investors should look for going forward.
AIG's New Ammunition Against Bank of America
By Jessica Alling
-
Apr 3, 2013 at 9:56AM
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NYSE: BAC
Bank of America Corporation

Market Cap
$281B
Today's Change
(-1.23%) -$0.43
Current Price
$34.45
Price as of May 19, 2022, 8:00 p.m. ET
In a lawsuit that could turn the tides for AIG, new testimony gives the insurer new hope.
Stocks Mentioned

Bank of America Corporation
BAC
$34.45
(-1.23%)
$0.43

American International Group, Inc.
AIG
$57.90
(-0.69%)
$0.40
*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.
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